REGISTERED COMPANY NUMBER: 02060988 (England and Wales) REGISTERED CHARITY NUMBER: 518516
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 28 February 2022 for CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
CHEADLES Chartered Accountants Telegraph House
59 Wolverhampton Road Stafford Staffordshire ST17 4AW
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Contents of the Financial Statements for the Year Ended 28 February 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Report of the Trustees for the Year Ended 28 February 2022
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 28 February 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of Chasewater Light Railway & Museum Company Ltd written in 1986 are as follows:
To promote and to further the education of the public in the history of the railway and general transport heritage of the United Kingdom, with special reference to industrial and light railways to the West Midlands area; by the creation and operation of museums of all types and, in furtherance of these objects but not otherwise, by the creation and operation of railways, tramways or other forms of transport.
Significant activities
The activities of Chasewater Light Railway & Museum Company are to run heritage industrial steam and diesel passenger services throughout the year in accordance with the objectives written in 1986, and to provide a museum containing artefacts from the local railways and other associated transport systems to educate the public. The company also acquires new exhibits from the local area and holds regular special events where various aspects of the "colliery line" are shown. The company hold numerous events during the year on top of the standard running services which include the local community and other charitable associations.
Public benefit
All trustees are provided with the guidance issued by the Charity Commission on public benefit. It is felt that we confirm to the current guidance, this is continually under review to ensure compliance.
FINANCIAL REVIEW
Financial position
The year in question would turn out to be the first 'normal' year at Chasewater post covid. Over the closed period the railway had taken the decision to keep a core team working and qualified to be able to start up with ease once restrictions were lifted, part of this teams work was the rebuild of company loco 3873 'Hollybank no.3'. At the beginning of 2021 the part finished loco was turned out of the workshop to have her steam exams and acceptance back into traffic. The loco worked for a lot of the year and apart from coming into the workshop to have a broken spring replaced it has given sterling service to the railway.
In the July we held a very successful but wet Road/Rail steam event, 5 full size traction engines and rollers visited us along with vintage tractors and steam miniatures.A very successful 40s event was held in August, we had lots of visitors to the site over the 2 day event which had expanded on the previous years event.
The railway played host to the newly restored steam loco Hastings, and early built Hunslet built loco. We also sent one of our industrial diesel locos out on hire and back into industry, Vanguard 'Helen' could be seen working at DB cargo maintenance Stoke right beside the mail line.
The year proved a great success with visitor numbers returning to close to the pre covid figures, the public were so eager to get out to attractions.
Our café went from strength to strength with daily takings rising yet again thanks to the hard work of Becky and her team.
Helped by the decision to run less trains but more profitable the railway had the most successful in its history to date financially. Doing less for more was the new way forward. The use of the railway in training and testing from outside companies has also helped with profitability.
Once again, without the dedicated team of volunteers who work tirelessly week in week out we would not be in the great shape we now find ourselves, I thank you all for your continued support.
Reserves policy
We currently hold ring fenced monies of £30,000 for Asbestos, £8,690 for the cost of building a new carriage shed and £434 for the cost of roof repairs.
Any other reserves will go largely towards the upkeep of the railway.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Page 1
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Report of the Trustees for the Year Ended 28 February 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees
Constitution as filed with Companies house. Trustee recruitment is done by letter to current board of trustees who will assess the applicant, and should a vacancy be available, the trustees will vote to recruit them. Should a vacancy not be available, the applicant will be notified accordingly and offered an alternative in the interim period. The current trustee structure is outlined in the SMS which is written and authorised by Green Dragon Rail Ltd.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
02060988 (England and Wales)
Registered Charity number 518516
Registered office Chasewater Railway Pool Lane Brownhills West Station Burntwood Walsall WS8 7NL
Trustees D Weeks M E Sealey Mrs D L Sealey M Fellows L Tucker R Thompson
Company Secretary
Independent Examiner CHEADLES Chartered Accountants Telegraph House 59 Wolverhampton Road Stafford Staffordshire ST17 4AW
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................. M E Sealey - Trustee
Page 2
Independent Examiner's Report to the Trustees of Chasewater Light Railway & Museum Company
Independent examiner's report to the trustees of Chasewater Light Railway & Museum Company ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 28 February 2022.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ICAEW which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Cheadles Accountants ICAEW CHEADLES Chartered Accountants Telegraph House 59 Wolverhampton Road Stafford Staffordshire ST17 4AW
Date: .............................................
Page 3
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Statement of Financial Activities for the Year Ended 28 February 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Charitable activities Other trading activities 2 Investment income 3 Other income Total EXPENDITURE ON Charitable activities Charitable activities Other Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted fund £ 10,186 256,875 1,560 28,038 14,479 311,138 253,717 15,397 269,114 42,024 2,067,455 2,109,479 |
Restricted funds £ 6,000 - - - - 6,000 - - - 6,000 33,125 39,125 |
28.2.22 Total funds £ 16,186 256,875 1,560 28,038 14,479 317,138 253,717 15,397 269,114 48,024 2,100,580 2,148,604 |
28.2.21 Total funds £ 47,977 127,709 3,151 23,213 28,950 |
|---|---|---|---|---|
| 231,000 187,752 22,240 |
||||
| 209,992 | ||||
| 21,008 2,079,572 |
||||
| 2,100,580 |
The notes form part of these financial statements
Page 4
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Balance Sheet 28 February 2022
| Notes FIXED ASSETS Tangible assets 8 Heritage assets 9 CURRENT ASSETS Stocks 10 Debtors 11 Cash at bank and in hand CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted fund £ 1,804,649 193,682 1,998,331 22,000 276 107,033 129,309 (18,161) 111,148 2,109,479 2,109,479 |
Restricted funds £ - - - - - 39,125 39,125 - 39,125 39,125 39,125 |
28.2.22 Total funds £ 1,804,649 193,682 1,998,331 22,000 276 146,158 168,434 (18,161) 150,273 2,148,604 2,148,604 2,109,479 39,125 2,148,604 |
28.2.21 Total funds £ 1,802,051 193,682 1,995,733 22,000 3,133 88,054 113,187 (8,340) 104,847 2,100,580 2,100,580 2,067,455 33,125 2,100,580 |
|---|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2022 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
M E Sealey - Trustee
The notes form part of these financial statements
Page 5
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements for the Year Ended 28 February 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Improvements to property | - 20% on cost and 10% on cost |
|---|---|
| Plant and machinery | - 25% on cost, 10% on cost and not provided |
| Fixtures and fittings | - 25% on cost |
| Computer equipment | - 25% on reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
The Trustees review stock held at the balance sheet date to ensure that only those goods deemed fit for future sales are included.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
Subscriptions
28.2.22 28.2.21 £ £ 1,560 3,151
continued...
Page 6
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 28.2.22 | 28.2.21 | |
| £ | £ | |
| Rents received | 28,028 | 23,178 |
| Deposit account interest | 10 | 35 |
| 28,038 | 23,213 | |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 28.2.22 | 28.2.21 | |
| £ | £ | |
| Depreciation - owned assets | 11,512 | 9,505 |
| Deficit on disposal of fixed assets | 4,817 | - |
4. NET INCOME/(EXPENDITURE)
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 28 February 2022 nor for the year ended 28 February 2021.
Trustees' expenses
The following expenses were reimbursed to trustees during the year: £Nil (2021: £979.89l) - Shop purchases
£982.89 (2021: £72.02) - Loco Maintenance
£249.99 (2021: £224.25) - Subscriptions
£Nil (2021: £113.03) - Track & Station Repairs
£226.78 (2021: £Nil) - Computer Equipment £100.00 (2021: £Nil) - General expenses £255.38 (2021: £Nil) - Repairs £249.95 (2021: £Nil) - Special Events expenditure £212.06 (2021: £Nil) - Tea Room Purchases
2 Trustees (2021: 2 ) were reimbursed during the year.
6. STAFF COSTS
Salaries and Wages - £62,286.85 (2021: £42,245.77)
The average monthly number of employees during the year was as follows:
| 28.2.22 | 28.2.21 | |
|---|---|---|
| Tea room | 7 | 7 |
No employees received emoluments in excess of £60,000.
continued...
Page 7
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2022
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Restricted | Total | ||
|---|---|---|---|---|---|
| fund | funds | funds | |||
| £ | £ | £ | |||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 47,543 | 434 | 47,977 | ||
| Charitable activities | |||||
| Charitable activities | 127,709 | - | 127,709 | ||
| Other trading activities | 3,151 | - | 3,151 | ||
| Investment income | 23,213 | - | 23,213 | ||
| Other income | 28,950 | - | 28,950 | ||
| Total | 230,566 | 434 | 231,000 | ||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable activities | 187,753 | (1) | 187,752 | ||
| Other | 22,240 | - | 22,240 | ||
| Total | 209,993 | (1) | 209,992 | ||
| NET INCOME | 20,573 | 435 | 21,008 | ||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 2,046,882 | 32,690 | 2,079,572 | ||
| TOTAL FUNDS CARRIED FORWARD | 2,067,455 | 33,125 | 2,100,580 | ||
| 8. | TANGIBLE FIXED ASSETS | ||||
| Improvements | |||||
| Short | to | Plant and | |||
| leasehold | property | machinery | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 March 2021 | 1,370,000 | 42,847 | 452,758 | ||
| Additions | - | 3,466 | 13,449 | ||
| Disposals | - | - | (5,322) | ||
| At 28 February 2022 | 1,370,000 | 46,313 | 460,885 | ||
| DEPRECIATION | |||||
| At 1 March 2021 | - | 16,223 | 51,253 | ||
| Charge for year | - | 4,021 | 6,613 | ||
| Eliminated on disposal | - | - | (2,927) | ||
| At 28 February 2022 | - | 20,244 | 54,939 | ||
| NET BOOK VALUE | |||||
| At 28 February 2022 | 1,370,000 | 26,069 | 405,946 | ||
| At 28 February 2021 | 1,370,000 | 26,624 | 401,505 |
continued...
Page 8
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2022
8. TANGIBLE FIXED ASSETS - continued
| COST At 1 March 2021 Additions Disposals At 28 February 2022 DEPRECIATION At 1 March 2021 Charge for year Eliminated on disposal At 28 February 2022 NET BOOK VALUE At 28 February 2022 At 28 February 2021 9. HERITAGE ASSETS MARKET VALUE At 1 March 2021 and 28 February 2022 NET BOOK VALUE At 28 February 2022 At 28 February 2021 |
Fixtures and fittings £ 27,328 - - 27,328 27,328 - - 27,328 - - |
Computer equipment £ 10,266 2,012 (7,599) 4,679 6,344 878 (5,177) 2,045 2,634 3,922 |
Totals £ 1,903,199 18,927 (12,921) 1,909,205 101,148 11,512 (8,104) 104,556 1,804,649 1,802,051 Total £ 193,682 193,682 193,682 |
|---|---|---|---|
Heritage assets include locomotives, coaches and wagons at an original cost of £46,583 and relics at an original cost of £20,000.
The heritage assets have been revalued by the Trustees at 29th February 2012 at realisable market value. There is an established market in these heritage assets and valuations are based on this market.
Due to the rare nature of these assets it would be misleading to value them on historical cost basis.
10. STOCKS
| STOCKS | ||
|---|---|---|
| 28.2.22 | 28.2.21 | |
| £ | £ | |
| Stocks | 22,000 | 22,000 |
continued...
Page 9
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2022
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| VAT Prepayments 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Social security and other taxes Pensions payable VAT Other creditors Accrued expenses 13. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Asbestos Carriage Shed Roof repair TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Carriage Shed TOTAL FUNDS |
At 1.3.21 £ 2,067,455 30,001 2,690 434 33,125 2,100,580 Incoming resources £ 311,138 6,000 317,138 |
28.2.22 £ - 276 276 28.2.22 £ 1 272 177 5,896 5,787 6,028 18,161 Net movement in funds £ 42,024 - 6,000 - 6,000 48,024 Resources expended £ (269,114) - (269,114) |
28.2.21 £ 1,391 1,742 3,133 28.2.21 £ 92 (99) 74 - 3,582 4,691 8,340 At 28.2.22 £ 2,109,479 30,001 8,690 434 39,125 2,148,604 Movement in funds £ 42,024 6,000 48,024 |
|
|---|---|---|---|---|
continued...
Page 10
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2022
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.3.20 | in funds | 28.2.21 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,046,882 | 20,573 | 2,067,455 | |
| Restricted funds | ||||
| Asbestos | 30,000 | 1 | 30,001 | |
| Carriage Shed | 2,690 | - | 2,690 | |
| Roof repair | - | 434 | 434 | |
| 32,690 | 435 | 33,125 | ||
| TOTAL FUNDS | 2,079,572 | 21,008 | 2,100,580 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 230,566 | (209,993) | 20,573 | |
| Restricted funds | ||||
| Asbestos | - | 1 | 1 | |
| Roof repair | 434 | - | 434 | |
| 434 | 1 | 435 | ||
| TOTAL FUNDS | 231,000 | (209,992) | 21,008 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Asbestos Carriage Shed Roof repair TOTAL FUNDS |
At 1.3.20 £ 2,046,882 30,000 2,690 - 32,690 2,079,572 |
Net movement in funds £ 62,597 1 6,000 434 6,435 69,032 |
At 28.2.22 £ 2,109,479 30,001 8,690 434 |
|---|---|---|---|
| 39,125 | |||
| 2,148,604 |
continued...
Page 11
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Notes to the Financial Statements - continued for the Year Ended 28 February 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Asbestos Carriage Shed Roof repair TOTAL FUNDS |
Incoming resources £ 541,704 - 6,000 434 6,434 548,138 |
Resources Movement expended in funds £ £ (479,107) 62,597 1 1 - 6,000 - 434 1 6,435 (479,106) 69,032 |
Resources Movement expended in funds £ £ (479,107) 62,597 1 1 - 6,000 - 434 1 6,435 (479,106) 69,032 |
|---|---|---|---|
| 6,435 | |||
| 69,032 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2022.
15. RESTRICTED FUNDS
The following restricted funds are in place during the year:
Funds raised for the engine Asbestos. This money is to be used on the upkeep of this engine only. £30,000,000 of this fund is still in place at the year end.
This amount is currently being kept in the savings account.
Donations received for the cost of building a new carriage shed. £8,690.27 of this fund is still in place at the year end. This amount is currently in a separate savings accounts.
Donations received for the cost of roof repair. £434.00 of this fund is still in place at the year end. This amount is held in the current account.
Page 12
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
for the Year Ended 28 February 2022
Detailed Statement of Financial Activities
| 28.2.22 | 28.2.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Gifts | (2) | (1) |
| Donations | 16,188 | 47,978 |
| 16,186 | 47,977 | |
| Other trading activities | ||
| Subscriptions | 1,560 | 3,151 |
| Investment income | ||
| Rents received | 28,028 | 23,178 |
| Deposit account interest | 10 | 35 |
| 28,038 | 23,213 | |
| Charitable activities | ||
| Train Operating Income | 47,749 | 3,185 |
| Shop Income | 17,276 | 7,339 |
| Special Events Income | 33,961 | 14,378 |
| Tea room sales | 157,889 | 102,807 |
| 256,875 | 127,709 | |
| Other income | ||
| Government grants | 14,479 | 28,950 |
| Total incoming resources | 317,138 | 231,000 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rates and water | 1,132 | 2,769 |
| Insurance | 14,564 | 10,644 |
| Light and heat | 17,998 | 13,023 |
| Repairs & General maintenance | 35,433 | 30,724 |
| Subscriptions | 2,848 | 6,000 |
| Telephone | 3,989 | 4,894 |
| Sundries | 4,040 | 7,436 |
| Shop Expenditure | 11,116 | 8,778 |
| Special Events Expenditure | 7,469 | 957 |
| Tea Room expenditure | 51,710 | 36,105 |
| Stock movement | - | 8,000 |
| Loco Maintenance | 15,439 | 11,270 |
| Publicity and advertising | 709 | 384 |
| Plant hire | 7,523 | 4,300 |
| Tea room wages | 61,872 | 42,246 |
| Pension | 571 | 222 |
| 236,413 | 187,752 |
Support costs
This page does not form part of the statutory financial statements
Page 13
CHASEWATER LIGHT RAILWAY & MUSEUM COMPANY
Detailed Statement of Financial Activities
for the Year Ended 28 February 2022
| 28.2.22 | 28.2.21 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Management | ||
| Improvements to property | 4,021 | 3,616 |
| Plant and machinery | 6,613 | 4,581 |
| Computer equipment | 878 | 1,307 |
| Loss on sale of tangible fixed assets | 4,817 | - |
| 16,329 | 9,504 | |
| Governance costs | ||
| Accountancy fees | 4,000 | 3,900 |
| Administrative expenses | 7,678 | 5,620 |
| Bank charges | 4,694 | 3,216 |
| 16,372 | 12,736 | |
| Total resources expended | 269,114 | 209,992 |
| Net income | 48,024 | 21,008 |
This page does not form part of the statutory financial statements
Page 14